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Nov 2, 2012
11/12
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earnings front, look for numbers from chevron, information resin investment, mcgraw hill, thomson reuters, "washington post." but today is about the unemployment report. how are we going to trade to this number? >> good morning, ross and kelly. th looks like the market's built in a better than expected number. we had a big rally yesterday. i think any number under 135 will create selling pressure. because we're up against resistance and the market is a little frothy. so i think if it's not a major beat, i think we sell off a little bit. >> the dollar getting traction across the board. euro-dollar below 129. dollar index up at fresh seven week highs. is that just a sign people are squaring themselves off ahead of a lot of event risk? >> i think that's always the days. we have the big jobs number as a factor, the election coming up, so there is a lot of reason to square here. and yesterday being the end of the year for all the mutual funds we have the news risk coming up the next couple days. >> do you buy volatility? >> i think we'll start to see volatility and some action. there is some f
earnings front, look for numbers from chevron, information resin investment, mcgraw hill, thomson reuters, "washington post." but today is about the unemployment report. how are we going to trade to this number? >> good morning, ross and kelly. th looks like the market's built in a better than expected number. we had a big rally yesterday. i think any number under 135 will create selling pressure. because we're up against resistance and the market is a little frothy. so i think...
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Nov 2, 2012
11/12
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exon and chevron also reported lower earnings. that's not helping right now either. >> that's part of the drag on the dow jones industrial average, for sure. the energy stocks. the exon and chevron shares are part of the dow 30. that's definitely among the weak spots today. overall, it's also the uncertainty. we're looking at these pictures of these gas lines, people waiting to get gasoline. we're looking at shortages on food and recognizing that, you know, just because the hurricane has passed, doesn't mean the implicationed have passed. the work is just beginning. >> ben, what do you think next week? a little bounce or what do you expect? >> no, i think we can still see a bit of a pullback. my concern is there's so little economic data next week it can be a frenzy of headline driven events that can lead to the volatility of the market. >> all right. thank you very joining us. that'll do it for the
exon and chevron also reported lower earnings. that's not helping right now either. >> that's part of the drag on the dow jones industrial average, for sure. the energy stocks. the exon and chevron shares are part of the dow 30. that's definitely among the weak spots today. overall, it's also the uncertainty. we're looking at these pictures of these gas lines, people waiting to get gasoline. we're looking at shortages on food and recognizing that, you know, just because the hurricane has...
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Nov 2, 2012
11/12
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chevron company reporting earnings of $2.69, lower than estimates of $2.83, that analysts expected. revenue looks below expectations. exxon had a great number because of refining margins so i don't know why this would be below. hopefully we looked apples to apples. >> coming up we've got the jobs effect on next week's presidential election, up next we'll talk to glenn hubbard, economic adviser to the romney campaign and dean of the columbia business school to get his thoughts on the number. >>> welcome back to "squawk box." lets aget to the jobs report and the political impact of the employment numbers. joining us now columbia business school dean and romney campaign economic advicer glenn hubbard. glenn, good to see you. >> good morning. >> thanks. in addition to it being a pretty good overall number, the 170 number this month some people are saying the revisions to last month do show a pick-up in something. is it the housing market that came around? is it a good number? >> well i think that our expectations may be dumbed down a bit. it's consistent with about 2% gdp growth and we
chevron company reporting earnings of $2.69, lower than estimates of $2.83, that analysts expected. revenue looks below expectations. exxon had a great number because of refining margins so i don't know why this would be below. hopefully we looked apples to apples. >> coming up we've got the jobs effect on next week's presidential election, up next we'll talk to glenn hubbard, economic adviser to the romney campaign and dean of the columbia business school to get his thoughts on the...
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44
Nov 1, 2012
11/12
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ibm, chevron and 3m. we continue to follow the story of pain at the pump in this gas crisis we're seeing in the new jersey area. one of the state's hardest hit. you can see lines of 100, in some case, many more than that, lined up to fill their tanks with gasoline. joining us on the phone line, the former president and ceo of shell oil. welcome. it's good to have you on. >> thanks for having me. >> if you're the ceo running a major oil company today with stations in this area what are you thinking, what are you doing? >> first of all, what is the condition on the ground in materials of getting product from storage to retail? >> it's not good. >> is there electricity at the terminal, damage at the terminals. can we fill the tank truck, get the product to the retailers. from a public policy standpoint as i did after katrina and other storms when i was active, i said to governors, please, please, take the burden off the consumer and retailer, put in a short-term rationing system. go to odd even purchases. i
ibm, chevron and 3m. we continue to follow the story of pain at the pump in this gas crisis we're seeing in the new jersey area. one of the state's hardest hit. you can see lines of 100, in some case, many more than that, lined up to fill their tanks with gasoline. joining us on the phone line, the former president and ceo of shell oil. welcome. it's good to have you on. >> thanks for having me. >> if you're the ceo running a major oil company today with stations in this area what...
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Oct 27, 2012
10/12
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chevron. this company preannounced numbers that nobody is too crazy, but they are far too often undervalued. if it's down going into the quarter and oil is strong the day before or we get a tight inventory number wednesday, pick up chevron. there might be a deep in the money call option. beyond earnings on friday, oh, boy, here is controversy. october nonfarm payroll report, remember, the thing under 8%, big hooplah. don't know if there is a more important payroll result. these numbers have become a firestorm of controversy. and i think anything which shows a further pickup in hiring would be greeted with a level of partisan skepticism that will indeed blunt the good news. here is what you need to know. a good number and you actually think that obama is bad for the stock market. putting it out there, okay? you might get a chance to set up a short into the opening, in other words, sell stocks into the opening. me? call me prosaic. i want to hear hyram is coming back. and here is the bottom line
chevron. this company preannounced numbers that nobody is too crazy, but they are far too often undervalued. if it's down going into the quarter and oil is strong the day before or we get a tight inventory number wednesday, pick up chevron. there might be a deep in the money call option. beyond earnings on friday, oh, boy, here is controversy. october nonfarm payroll report, remember, the thing under 8%, big hooplah. don't know if there is a more important payroll result. these numbers have...
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Oct 27, 2012
10/12
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chevron. this company preannounced numbers that nobody is too crazy, but they are far too often undervalued. if it's down going into the quarter and oil is strong the day before or we get a tight inventory number wednesday, pick up chevron. there might be a deep in the money call option. beyond earnings on friday, oh, boy, here is controversy. october nonfarm payroll report, remember, the thing under 8%, big hooplah. don't known there is a more important payroll result. these numbers have become a firestorm of controversy. and i think anything which shows a further pickup in hiring would be greeted with a level of partisan skepticism that will indeed blunt the good news. here is what you need to know. a good number and you actually think that obama is bad for the stock market. putting out there, okay? you might get a chance to set up a short into the opening, in other words, sell stocks into the opening. me? call prosaic. i want to hear the markets are coming back. and here is the bottom line.
chevron. this company preannounced numbers that nobody is too crazy, but they are far too often undervalued. if it's down going into the quarter and oil is strong the day before or we get a tight inventory number wednesday, pick up chevron. there might be a deep in the money call option. beyond earnings on friday, oh, boy, here is controversy. october nonfarm payroll report, remember, the thing under 8%, big hooplah. don't known there is a more important payroll result. these numbers have...
50
50
Oct 30, 2012
10/12
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travelers insurance, exxonmobil and chevron all higher as well. >>> once again, the nyse looking like it will be open for trade you can at least for electronic trading, many more what do folks returning to work face? >> our scott cohn is live in battery park, the south end of manhattan, a short walk from wall street, of course, a big storm surge last night. scott, how is it looking now in the water receding? >> reporter: the water has receded, brian, but that only -- that doesn't begin to tell the story. what will they be facing tomorrow, people that try to come into manhatten? they will, first of all, be facing an epic commute. that is because while bridges and tunnels maybe open, the subway operating sporadically at best and a lot of people take mass transit in from the suburbs. new jersey transit which operate the path traipse from new jersey into lower manhattan said that the system has been devastated based on early inspections. they have seen terrible damage on the metro north system, takes people in from the northern suburbs. we have seen flooding over the last 24 hours of hist
travelers insurance, exxonmobil and chevron all higher as well. >>> once again, the nyse looking like it will be open for trade you can at least for electronic trading, many more what do folks returning to work face? >> our scott cohn is live in battery park, the south end of manhattan, a short walk from wall street, of course, a big storm surge last night. scott, how is it looking now in the water receding? >> reporter: the water has receded, brian, but that only -- that...